VENTURA, CALIF. — Newport Beach, Calif.-based CT Realty Corp. has acquired Ventura Professional Center, which is located at 5700, 5720 and 5740 Ralston St. in Ventura. Security National Properties Funding II sold the three-building complex for $11.75 million. Situated within the Victoria Avenue corridor, the property consists of 113,346 square feet of office space. CT Realty plans to invest $1.2 million to renovate the property, which is currently 63 percent occupied by 22 tenants. Malcolm Rickards of Colliers International represented the buyer; Buz Miller and Greg Kasner, also of Colliers International, represented the seller in the transaction. Equity financing was provided by CT California Fund VI and private investors, while debt financing was provided by Pacific Coast Capital Partners.
CT Realty Corp. has purchased Ventura Professional Center, a three-building, 113,346-square-foot office complex in Ventura, Calif., for $11.75 million.
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